North Atlantic Resources Ltd.

North Atlantic Resources Ltd.

December 01, 2009 09:56 ET

North Atlantic Applies to List on TSX Venture Exchange and Voluntarily Delist from Toronto Stock Exchange

TORONTO, ONTARIO--(Marketwire - Dec. 1, 2009) - North Atlantic Resources Ltd. ("North Atlantic" or the "Company") (TSX:NAC) announces that it has submitted an application to list its common shares on the TSX Venture Exchange (the "TSX-V"), and has notified the Toronto Stock Exchange (the "TSX") that the Company intends to voluntarily delist its common shares from the TSX. It is the Company's view that a listing on the TSX-V is appropriate at this stage of the Company's development. It is anticipated that the transition from the TSX to the TSX-V will be smooth, and that there will be no interruption in trading.

North Atlantic has 34,823,741 common shares issued and outstanding (47,865,741 shares on a fully diluted basis).

Please visit the Company's website to view project details and planned exploration programs going forth.

This press release has been prepared by North Atlantic Resources Ltd.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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